The bear market situation seems to have dethawed most coins to a large extent, rendering them moribund in the area of developments. However, coins like Reddcoin (RDD) are striving to beat down the effect so that they don’t get completely wrecked before the end of the bear.
While nursing the imminent full release of ReddID, the cryptocurrency was dragged into a favorable contest that could hand it huge adoption.
A newly unveiled blockchain decentralized crypto assets exchange, DynX, has announced the involvement Reddcoin (RDD) cryptocurrency in a voting contest designed for the listing of coins as base pair on its platform.
Previously, DynX declared that it would be changing the status quo of listing coins as base pair. While exchanges list coins as base currency based on volume, DynX noted that the proficiency of a coin in the space would be a major prerequisite from its own end.
DynX on February 2 announced the initiation of Digibyte (DGB), Bitcoin and Polis as its starting base pair. The decentralized exchange claimed it listed Digibyte for its potency and community strength.
While the likes of like of Ripple’s XRP, Ethereum (ETH), EOS, Stellar Lumens (XLM) and Tron (TRX) amid some others are amongst the numerous contesting coins, Reddcoin (RDD) acknowledge the update in a tweet, asking members of the community to vote Reddcoin in as they continue to paint the world Redd.
#ReddHeads, while we continue preparing for #ReddID release, #Reddcoin was made aware of a vote for listing on a newly launched #blockchain #DEX (#decentralized #exchange), $DynX.
Let’s get some votes for #RDD! Link below!#PaintTheWorldRedd!https://t.co/TY7ody42vq
— Reddcoin (@reddcoin) February 4, 2019
Developed on BitShares blockchain, DynX keeps all assets on BitShares network, and all transaction, accounts, as well as Orderbooks can be observed through BitShares BlockExplorer.
If initiated amongst the base currencies on the exchange, Reddcoin would likely enjoy mass adoption in the space since a large number of crypto assets would be traded with it.
Reddcoin (RDD)’s ReddID
While ReddID is known as a social blockchain tipping application built on Reddcoin (RDD), there was a previous launch of the application in the last quarter of 2018, but the Reddcoin foundation claims it would be releasing the full app with added developments this year.
Reddcoin (RDD) intends to offer an easy to use, secured and decentralized tipping service on social media platforms like Facebook, Reddit, and Twitter with ReddID.
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